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KRA Announces Voluntary Tax Disclosure Programme, Promises 100% Relief

Eunniah MbabazibyEunniah Mbabazi
January 13, 2021
in Kenyan News
Reading Time: 2 min
KRA Announces Voluntary Tax Disclosure Programme, Promises 100% Relief

The Kenya Revenue Authority (KRA) has unveiled a Voluntary Tax Disclosure Programme that seeks to waive penalties accrued for individuals who failed to disclose any tax that was due over the last five years, as long as they pay the principal amount this year.

The National Treasury, through the Finance Act 2020, introduced the Voluntary Tax Disclosure Programme that offers affected taxpayers relief on penalties and interest on any tax liability disclosed in respect to the five years running to June 2020. The government expects that the programme would help enhance tax compliance as well as serve as a relief to taxpayers affected by the challenging economic times brought about by the global COVID-19 pandemic.

The programme applies to all tax liabilities such as Income Tax, Corporate Tax, Pay As You Earn, Withholding Income Tax, Capital Gains Tax, Value Added Tax, Withholding VAT, Excise Duty, Monthly Rental Income Tax and Turnover Tax.

Furthermore, those who make full payment of disclosed taxes this year will get 100% relief in penalties and interest from KRA, while those who pay next year shall get 50% relief as those paying in 2023 shall get relief of 25%.

However, the tax relief will not benefit those under audit, compliance verification or investigation and those with ongoing litigation relating to the tax liability.

See Also:

KRA issues Guidelines on Individual Tax Refunds



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